Life and AD&D insurance

The only certain things in life are death and taxes. And accidents happen, too. There’s no way to avoid them entirely, so why not at least be prepared for them? That’s where life and accidental death and dismemberment (AD&D) insurance come in. Life insurance pays money to your beneficiary if you die. AD&D insurance pays a benefit in the event you get dismembered or die because of an accident.

Insurance for you

Basic life and AD&D cost you nothing

Autodesk provides basic life and AD&D coverage of 1x your annual salary, with a minimum coverage of $50,000. This coverage is provided automatically at no cost to you.

Keep in mind that the IRS considers the cost of any basic life insurance coverage over $50,000 to be taxable income, otherwise known as imputed income. If you have basic life insurance coverage greater than $50,000, the value will be treated as taxable income and will be included on your pay statements and on your W-2. View this tip sheet for more information about imputed income.

Supplemental employee life and AD&D

You can purchase supplemental life and AD&D coverage of up to 7x your annual salary, to a maximum of $2,000,000 each for basic and supplemental coverage. You may elect different amounts for life and AD&D. View the costs for all coverage levels.

Evidence of insurability (EOI)

EOI, sometimes called proof of good health, is required in certain circumstances. You’ll need to provide EOI by answering medical questions if you select coverage that is over 5x your annual salary. You’ll also need to provide EOI if you newly elect supplemental life insurance coverage or increase by more than one level during annual open enrollment or a life event.

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Insurance for your family

You can purchase life and AD&D coverage for your spouse or partner, in amounts ranging from $10,000 to $350,000. View the costs for all coverage levels. Just keep in mind that the amount of coverage you elect for your spouse or partner cannot be more than the amount of combined basic and supplemental coverage you have for yourself.

You can purchase life insurance coverage for your child(ren) in amounts of $10,000 or $20,000. The monthly cost for $10,000 of coverage is $0.90 and the monthly cost for $20,000 of coverage is $1.80, regardless of the number of children covered.

Autodesk provides $10,000 of child AD&D coverage at no cost to you. You can also purchase an additional $10,000 of child AD&D coverage.

Evidence of insurability (EOI)

Your spouse or partner will be required to provide EOI by answering medical questions if you enroll in dependent coverage for more than $150,000 or increase coverage by more than $50,000.

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Keep your beneficiaries up to date

Be sure to name beneficiaries for your basic and supplemental life and AD&D coverage in Workday.

Remember to review your beneficiaries when you experience a qualifying life event such as marriage, divorce, or the birth of a child to ensure your selections are up to date.

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Cost for coverage

Life insurance costs are based on your or your spouse or partner’s age and the amount of coverage selected. AD&D costs are a fixed rate based on the amount of coverage selected.

Life rates per month per $1,000

Under 30$0.025$0.037
75 and over$0.354$0.546

AD&D rates per month per $1,000

AgeEmployee and SpouseChild
All ages$0.016No charge

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